May 3, 2024

Pkrevenue.com

Pakistan Revenue

Month: May 2019

Commercial importers destroying domestic industry: PBC
May 5
2019-2020, Budget, Trade & Industry

Commercial importers destroying domestic industry: PBC

KARACHI: Pakistan Business Council (PBC) – the advisory forum of large corporate entities – has said that commercial importers are involved in massive under-invoicing and they are destroying the domestic industry. In its budget proposals for 2019/2020, the PBC recommended measures for documentation of economy to providing level playing field for domestic manufacturing. The PBC […]

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Utility Stores Corporation implements Ramazan Package ahead of fasting month: RM Javed Khan
May 5
Exclusive, National

Utility Stores Corporation implements Ramazan Package ahead of fasting month: RM Javed Khan

KARACHI: Utility Stores Corporation (USC) has implemented subsidized rates under Ramazan Package announced by the government to provide relief the masses during the holy month, a top official said on Sunday. “The reduced rates have been implemented across the country from May 03, 2019 around three or four days ahead of Ramazan,” said Muhammad Javed […]

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Reza Baqir appointed as SBP governor
May 4
Finance

Reza Baqir appointed as SBP governor

ISLAMABAD: The federal government on Saturday appointed Dr. Reza Baqir as the governor of State Bank of Pakistan (SBP) for next three years. A notification issued by the finance division said that President of Pakistan had appointed Dr. Reza Baqir as governor SBP for a period of three years from the date he assumes office. […]

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Rupee gains 20 paisas in open market on monitoring to prevent money laundering
May 4
Money & Banking

Rupee gains 20 paisas in open market on monitoring to prevent money laundering

KARACHI: The Pak Rupee gained 20 paisas against dollar on Saturday amid improved inflows in the open market and tight monitoring of law enforcement agency to prevent money laundering. The buying and selling of dollar was recorded at Rs141.30/Rs141.80 as compared with previous day’s closing of Rs141.50/Rs142.00 in cash ready market. Currency dealers said that […]

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Withholding tax rates on purchase, registration of motor vehicle for Tax Year 2019
May 4
Exclusive, Taxation

Withholding tax rates on purchase, registration of motor vehicle for Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has issued updated withholding tax rates on purchase and registration of motor vehicles. The withholding tax rates have been updated through Finance Supplementary (Second Amendment) Act, 2019 as on March 09, 2019.The withholding tax rate on registration of motor vehicle to be collected by excise and taxation department of […]

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